Redeem Amex Points for Gift Gift Cards with 20% Discount

Redeem Amex Points for Gift Cards with 20% Discount

American Express is offering a discount of 20% when you redeem Membership Rewards points for select gift cards. The offer could be targeted, so the discount might not show up on all accounts.

The Offer

• Gap (20% off):
  • $10 – 800 points
  • $25 – 2,000 points
  • $50 – 4,000 points
  • $100 – 8,000 points
• Home Depot (20% off):
  • $25 – 2,000 points
  • $35 – 2,800 points
  • $50 – 4,000 points
  • $100 – 8,000 points
  • $500 – 40,000 points
  • $1000 – 80,000 points
• iTunes (20% off):
  • $10 – 941 points (was 1176 points)
  • $25 – 2,353 points (was 2941 points)
  • $50 – 4,706 points (was 5882 points)

Offer must be redeemed between 6/3/19 and 7/31/19. You can see the options here.

Conclusion

This is not the best way to redeem your Membership Rewards points. But, if you have more than you can use on travel, or not enough, and want to cash them out, this could be a useful option.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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